What would the algorithm show that isn't already apparent?
This will give the power of what people see to the regulators.
What would be ideal is to think of an incentive for these companies to give users an option to disable the use of their algorithm, aka natural flow. That's unfortunately not the trend things are moving, and even services that still have something like that employ dark-patterns to throw user back into their "controlled" timeline (Twitter for example reverts you back "Home" after a few days with a tiny message that is barely noticeable.)
I'm even willing to pay for a feature that "turns off" the algorithm, unfortunately that would never happen because it'd entail these companies admitting that they design their algos not for the benefit of the user but for stickiness and the dreaded "engagement", which shouldn't be a problem in itself, but then it'd quickly become obvious when they're acting sanctimonious.
I personally don't really care what facebook (or anyone else) believes is good for me.
I'll be the judge of that, thank you very much.
And if I want to eat chocolate all day, I'll do that, too.
The claim is that this algorithms are neutral. But we know many contain ways for the owner to artificially boost preferred content. And algorithms tend to have the biases of their creators in them.
Controlling what people see is an important power and one that should be regulated.